Beijing, China, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Token Cat Limited (Nasdaq: TC) (the “Company” or “Token Cat”)Today announced that Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (“AZI”), a leading enterprise in China’s automobile sales and aftersales services sector, has reached a preliminary consensus with the Company on a proposed equity investment and business cooperation. Pursuant to the proposed arrangement, AZI plans to subscribe for newly issued shares of Token Cat at a price of US$30 per sh ...

Core Insights - Token Cat Limited has reached a preliminary consensus with Autozi Internet Technology (AZI) for a proposed equity investment and business cooperation, with AZI intending to invest approximately US$100 million at a price of US$30 per share [1][2]. Investment Details - The proposed subscription is expected to be conducted through a negotiated transaction, with the final structure, number of shares, and other key terms still subject to further negotiation and regulatory approvals [3][6]. - If successful, the investment is anticipated to strengthen Token Cat's capital base and support its initiatives in automotive group buying, user operations, and digital marketing [4]. Strategic Alignment - The cooperation aligns with Token Cat's long-term strategy in the automotive consumption and services sector, leveraging AZI's industry experience and resources to explore multi-level cooperation models [5]. - Both companies aim to identify potential synergies in automotive sales, after-sales services, and channel integration [4][5]. Company Profiles - Token Cat Limited focuses on enhancing automotive consumption and service scenarios through digital technologies and platform-based solutions, aiming to provide cost-effective vehicle purchasing and convenient service experiences [7]. - Autozi Internet Technology (AZI) is a leading player in automotive sales and after-sales services, with a business model that includes vehicle sales, maintenance, financial services, and a global expansion strategy [8].